According to the latest report by IMARC Group, titled “North America Telecom Power Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the North America telecom power systems market reached a value of US$ 1.7 Billion in 2021. Telecom power systems are utilized to secure telecommunication services during grid power interruptions and fluctuations. They are designed for data centers, wireless broadband access, securing line applications and providing Internet support. Renewable energy sources, such as solar and wind, are nowadays being used to supply power to telecom power systems. As these systems effectively eliminate the utilization of batteries, diesel generator, and automatic transfer switch, their applications are expanding in the North American region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Telecom Power Systems Market Trends:
According to Green America’s Clean Energy is Calling Report (March 2018), carbon dioxide in the atmosphere is rising as the telecom sector in the North American region relies on significant amounts of energy. It also mentions that the leading companies are using less than 2% of alternate energy to power their servers. This, in confluence with their ‘Hang Up on Fossil Fuels’ campaign, has increased the awareness amongst individuals and telecom firms and resulted in the growing adoption of renewable energy sources to power telecom power systems. Apart from this, the increasing number of smartphone users is positively influencing the demand for advanced network services, such as 4G and VoLTE, which, in turn, is strengthening the growth of the market. Furthermore, the demand for advanced telecom power systems is increasing in the region. These systems are equipped with smart energy control, enhanced monitoring capabilities, and high energy efficiency and power density. Looking forward, the market value is projected to reach US$ 2.9 Billion by 2027, expanding at a CAGR of
9.2% during the forecast period (2022-2027).
- Based on the product type, the market has been bifurcated into direct current (DC) and alternating current (AC).
- On the basis of the component, the market has been segmented into rectifiers, converters, controllers, heat management systems, generators and others.
- The market has been analyzed on the basis of the power source into diesel-battery, diesel-solar, diesel-wind and multiple sources.
- Based on the grid type, the market has been segregated into on grid, off grid and bad grid.
- Country-wise, the market has been divided into the United States and Canada.
- The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.
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